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Dec 26, 2012
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that is something that would be a risk on the speaker's part as he faces a re-election by the house of representatives to the speakership in early january, but we'll see whether if it comes to that, whether he's willing to do it. 8. >> john, thank you very much. >>> as we edge ever closer to our impending fiscal doom, we will look more closely how the markets are reacting and what is yet to come. joining us now, michael farr in washington, and also peter schear. great to have you both with us. thanks for coming back from various holidays. michael, this is not an economic crisis. this is not a market crisis. this feels like a political crisis. do you blame our leaders for failing to get their act together over this? >> mandy, it is a profound failure of leadership once again from washington. i mean, we have been facing this profligate spending for a long time. over the last four years it's been $5 trillion more than we've brought in in receipts. just think about that in terms of your own household if you spent 11%, 12% more than you brought in in your annual receipts. it doesn't work lo
that is something that would be a risk on the speaker's part as he faces a re-election by the house of representatives to the speakership in early january, but we'll see whether if it comes to that, whether he's willing to do it. 8. >> john, thank you very much. >>> as we edge ever closer to our impending fiscal doom, we will look more closely how the markets are reacting and what is yet to come. joining us now, michael farr in washington, and also peter schear. great to have you...
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Dec 22, 2012
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we said that the day after the election, we standby it today. if you do that, you're talking about the largest tax increase in our country's history, a considerable amount of spending cuts, and in the short-term, probably hit the stock prices on the order of 10%. >> if i give you a cliff deal. okay. i'm going to give you a cliff deal for middle class extensions, 250,000, you're right the top rates will go up. but if you get that deal in january, that does save us from the recession scenario, the really deep gloom scenario. >> this is the big debate. our view has been if you get a deal fairly quickly in the new year, it's hardly the end of the world. the question really or the debate really accelerates if you start getting closer to january 15th or ultimately the inauguration. do you do more serious damage to the economy that makes it more difficult to recover? >> they can withhold changing the withholding rates. i know that. >> sure. listen, the president and the treasury secretary has enormous leeway on january 15th, which presumably is everybo
we said that the day after the election, we standby it today. if you do that, you're talking about the largest tax increase in our country's history, a considerable amount of spending cuts, and in the short-term, probably hit the stock prices on the order of 10%. >> if i give you a cliff deal. okay. i'm going to give you a cliff deal for middle class extensions, 250,000, you're right the top rates will go up. but if you get that deal in january, that does save us from the recession...
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Dec 27, 2012
12/12
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lady michelle obama sit down with our own barbara walters for their first interview together since the election. we take you inside the first family's holiday tradition coming up on nightline right after abc2 news at 11:00. c1 >> you're watching the station that works for you. abc2 news, baltimore. >> if you don't like someone, go ahead and give them this flower. flour fan attics are going to see the corpse flower. >> it smells like a rotting corpse. >> i think it's appropriate actually. i think it needs something more. >> it sounds lovely. they only bloom a couple of day in their six year life. this one received full bloom christmas. but tomorrow, it will be dead. >> it smells dead already. >>> many people try online dateing to find a special someone. and an 81-year-old man is going for a more direct way. sandy is wearing a sign around his neck that says he wants a wife. he was married many times. he says he changed his ways and wants someone he can spend the rest of his life with. but there are some nonane yore bls. >> nobody under 60 doesn't compute. my life was built around books. if they d
lady michelle obama sit down with our own barbara walters for their first interview together since the election. we take you inside the first family's holiday tradition coming up on nightline right after abc2 news at 11:00. c1 >> you're watching the station that works for you. abc2 news, baltimore. >> if you don't like someone, go ahead and give them this flower. flour fan attics are going to see the corpse flower. >> it smells like a rotting corpse. >> i think it's...
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Dec 28, 2012
12/12
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, could compromise, he doesn't have to worry about getting re-elected again. that's driving decision making on both sides when it comes to congress, yet, he doesn't lead. he hands it over to a man who hasn't passed a budget in years. >> at 3:00, we'll meet. and i'll tell congressional leaders, you come up with the package, tyler. >> the real tragedy, what it says about the quality of leadership in this country. they can't lead, seem unwilling to lead. that's what's distressing to individual voters and to the markets. >> thank you, joining us, and thank you, out there. we'll join "mad money" right after this break. and we'll see michelle right after that on a special "kudlow report." let's give thanks - for an idea. a grand idea called america. the idea that if you work hard, if you have a dream, if you work with your neighbors... you can do most anything. this led to other ideas like liberty and rock 'n' roll. to free markets, free enterprise, and free refills. it put a man on the moon and a phone in your pocket. our country's gone through a lot over the centu
, could compromise, he doesn't have to worry about getting re-elected again. that's driving decision making on both sides when it comes to congress, yet, he doesn't lead. he hands it over to a man who hasn't passed a budget in years. >> at 3:00, we'll meet. and i'll tell congressional leaders, you come up with the package, tyler. >> the real tragedy, what it says about the quality of leadership in this country. they can't lead, seem unwilling to lead. that's what's distressing to...
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Dec 25, 2012
12/12
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neither party wanted to address the tough issues before the election, so they kicked the can down the road right to the fiscal cliff, and of course, they blamed each other. best surprise for supporters of gay rights. state victories and supreme court consideration for same-sex marriage, the election of the first openly lesbian u.s. senator, and president obama finally coming around to their cause. >> my expectation is that when you look back on these years, you will see a time in which we put a stop to discrimination against gays and lesbians, whether in the office or in the battlefield. >> equality, you know, people shld be able to do whatever they really want in life. >> worst disappointment for supporters of comprehensive immigration reform. the president promised but won't be able to deliver until his second term, although he issued an executive order allowing children of undocumented workers to stay in the u.s. for college. best supreme court win for the white house, health care reform remains the law of the land. >> i'm sure we'll still be talking about it in 2013, but the big o
neither party wanted to address the tough issues before the election, so they kicked the can down the road right to the fiscal cliff, and of course, they blamed each other. best surprise for supporters of gay rights. state victories and supreme court consideration for same-sex marriage, the election of the first openly lesbian u.s. senator, and president obama finally coming around to their cause. >> my expectation is that when you look back on these years, you will see a time in which we...
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Dec 27, 2012
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that of course approved by voters in the referendum in the november election. when the doors open at 8:00 this morning, they will stay open 24 hours a day, that means you can come at any time of the day or night to enjoy any one of their 4700 slot machines or electronic games. coming up in the 6:00 hour, the general manager will be joining us here but again, as part of this new phase where they open 24 hours a day and bring in those table games it's going to create about 1200 new jobs. they are still hiring for some positions like table game managers, supervisors, security and surveillance. so you can of course go to their website to look those -- look for those jobs and apply for them. just so you know, when they go to 24 hours, some of the bars is restaurants will also be open. bars will stay open 24 hours and also we're told phillip's seafood restaurant will be open 24 hours as well. it all starts at 8:00 this morning and we'll be here for the opening when they unlook the doors -- unlock the doors and keep them open forever. live in anne arundel county at ma
that of course approved by voters in the referendum in the november election. when the doors open at 8:00 this morning, they will stay open 24 hours a day, that means you can come at any time of the day or night to enjoy any one of their 4700 slot machines or electronic games. coming up in the 6:00 hour, the general manager will be joining us here but again, as part of this new phase where they open 24 hours a day and bring in those table games it's going to create about 1200 new jobs. they are...
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Dec 23, 2012
12/12
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. >> people would elect more carefully locally if they knew it was theirs rather than to be paid for by everybody else. >> have a very merry christmas at mickey d's. this big mac maker fair or a grinch? first right here, new fears of another taxpayer bailout . millions was workers may need you to pony up before pensions goes pust u bust. we'll e e e e e just as the government is getting out of the gm bailout. new worries about a new bail out. the head of the agency that over sees bankrupt pension warning congress he may need 30 billion to shore up the funs. that's why they should switch to 401 k's. >> whether politicians or unions and employers making promises they can't keep. you reap what you put in a 401 k . if you make a grand promise and you don't put the money in. everyone know its is false . so let's have honesty and when you are promised something you will know you git it >> a lot of people with 401 k's are doing well >> i remember as a young lawyer writing the pedestrian irfirst plan where we had high hopes that forminglet mumenty corporation pension plan you would have smar
. >> people would elect more carefully locally if they knew it was theirs rather than to be paid for by everybody else. >> have a very merry christmas at mickey d's. this big mac maker fair or a grinch? first right here, new fears of another taxpayer bailout . millions was workers may need you to pony up before pensions goes pust u bust. we'll e e e e e just as the government is getting out of the gm bailout. new worries about a new bail out. the head of the agency that over sees...
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Dec 26, 2012
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we elected to you lead, not to follow the hard left or hard right. govern from the middle and lead. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. >>> a huge storm spanning frlgts midwest to the east coast is dumping plenty of snow and rain across the nation. dr. greg postell from the weather channel has more on exactly what's going on. over to you. >> thanks, the snow storm is beginning to wind down
we elected to you lead, not to follow the hard left or hard right. govern from the middle and lead. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq,...
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Dec 29, 2012
12/12
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and a lot of us lived this one, the wild ride to election day, 2012. cnn national political correspondent jim acosta has more on the story. >> reporter: the year started off with a surprise in a sweater vest. counting down the top campaign stories of the year at number ten, the primaries. rick santorum's stunning performance in the iowa caucuses. >> game on. >> reporter: kicked off a battle for the republican nomination that few in washington had expected. the gop's odds on favorite, mitt romney, stumbled in some of the early contests. >> i like being able to fire people that provide services to me. >> reporter: he refused to release his tax returns, allowing another rival, newt gingrich, to take south carolina. >> we proved here in south carolina, that people power with the right ideas beats big money. >> reporter: but that big money eventually cleared the field. and romney set his sights on the president. >> it is still about the economy. and we arestupid. >> reporter: at number nine, bain. not that one. that one. almost as soon as romney had locked
and a lot of us lived this one, the wild ride to election day, 2012. cnn national political correspondent jim acosta has more on the story. >> reporter: the year started off with a surprise in a sweater vest. counting down the top campaign stories of the year at number ten, the primaries. rick santorum's stunning performance in the iowa caucuses. >> game on. >> reporter: kicked off a battle for the republican nomination that few in washington had expected. the gop's odds on...
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Dec 27, 2012
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if merkel gets re-elected, she will be a major outlier. the general rule of thumb for almost all politician, you never survive a debt crisis. germany doesn't have a debt crisis, the rest of europe. she may survive compared to every other government. >> it will be fascinating to see if she wins how her policy changes with less political risk. >> once you don't have to battle the god of re-election, everything changes. >> as we have seen in this country. >>> a winter storm slamming the east coast and impacting the northeast, after the break. >>> the latest place banks are turning to in the hunt for yield. am [ male announcer ] don't have the hops for hoops with your buddies? lost your appetite for romance? and your mood is on its way down. you might not just be getting older. you might have a treatable condition called low testosterone or low t. millions of men, forty-five or older, may have low t. so talk to your doctor about low t. hey, michael! [ male announcer ] and step out of the shadows. hi! how are you? [ male announcer ] learn more
if merkel gets re-elected, she will be a major outlier. the general rule of thumb for almost all politician, you never survive a debt crisis. germany doesn't have a debt crisis, the rest of europe. she may survive compared to every other government. >> it will be fascinating to see if she wins how her policy changes with less political risk. >> once you don't have to battle the god of re-election, everything changes. >> as we have seen in this country. >>> a winter...
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Dec 27, 2012
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obama was elected with a surplus of about 3 million votes. he won the election. he campaigned on this issue. again, the speaker can't take yes for an answer. the president has presented to him something that would prevent us from going over the cliff. it was in response to something the speaker gave to the president himself, but, again, i guess with the dysfunctional republican caucus in the house even the speaker can't tell what he's going to do because he backed off even his own proposal. mr. president, the house, we hear this so often, is controlled by the reap warnings and we acknowledge that. i would be most happy to move forward on something that senator mcconnell said they wouldn't filibuster over here that he would support and that boehner would support, if it were reasonable, but right now we haven't heard anything. i don't know, and it's none of my business, i guess, although i am very serious, if the speaker and the majority leader, the republican leader over here are even talking. i mean, what's going on here? mr. president, you can't legislate with y
obama was elected with a surplus of about 3 million votes. he won the election. he campaigned on this issue. again, the speaker can't take yes for an answer. the president has presented to him something that would prevent us from going over the cliff. it was in response to something the speaker gave to the president himself, but, again, i guess with the dysfunctional republican caucus in the house even the speaker can't tell what he's going to do because he backed off even his own proposal. mr....
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Dec 23, 2012
12/12
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. >> people would elect more carefully locally if they knew it was theirs rather than to be paid for by everybody else. >> have a very merry christmas at mickey d's. this big mac maker fair or a grinch? first right here, new fears of another taxpayer bailout . millions was workers may need you to pony up before pensions goes pust u bust. goes pust u bust. we'll e e e e e i always wait until the last minute. can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. ♪ [ male announcer ] they are a glowing example of what it means to be the best. and at this special time of year, they shine even brighter. come to the winter event and get the mercedes-benz you've always wished f
. >> people would elect more carefully locally if they knew it was theirs rather than to be paid for by everybody else. >> have a very merry christmas at mickey d's. this big mac maker fair or a grinch? first right here, new fears of another taxpayer bailout . millions was workers may need you to pony up before pensions goes pust u bust. goes pust u bust. we'll e e e e e i always wait until the last minute. can i still ship a gift in time r christmas? yeah, sure you can. great....
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Dec 26, 2012
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and since election day, the markets have been fighting worries over the fiscal cliff. in the meantime, we'll take a short break. back in a minute. >>> we are glad to welcome back simon hobbs to the program. he's going to tell us what's coming up at 10:00. >> always good to be back, carl. welcome, everybody. we're going to talk particularly about retail. do we have a problem in retail, and what exactly is it. the ceo of the national retail federation will join us live. we're going to break down specifically whether it's the sandy effect or luxury goods effect. one you might want to sell on. the other thing we talk about is house prices. clearly this morning up over 4% year over year, in the top 20 cities. when will the jobs come back in construction. will that be the major theme for 2013. back to you. >> simon, see you in a couple. the dating scene is hitting a fiscal cliff of its own. an article in the noew york tims may not matter if your credit score is less than attractive. the "times" interviewed more than 50 daters around the u.s. all under 40 years old. what is t
and since election day, the markets have been fighting worries over the fiscal cliff. in the meantime, we'll take a short break. back in a minute. >>> we are glad to welcome back simon hobbs to the program. he's going to tell us what's coming up at 10:00. >> always good to be back, carl. welcome, everybody. we're going to talk particularly about retail. do we have a problem in retail, and what exactly is it. the ceo of the national retail federation will join us live. we're going...
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Dec 27, 2012
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before the election. excuse me. >> yes. >> fiscal cliff week after the election. 75%. >> yes. >> it was on everybody's mind. >> great. thank you so much. >> thank you so much. >> i want to shop for a living, too. >> please. >> come join us thanks to mary. all right. so not a banner year for retail. we have fiscal cliff and debt ceiling fears. that's driving that. how do you invest now? we are about to ask a top money manager. [ male announcer ] citi turns 200 this year. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ and the next great idea could be yours. well, if itmr. margin?margin. don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question
before the election. excuse me. >> yes. >> fiscal cliff week after the election. 75%. >> yes. >> it was on everybody's mind. >> great. thank you so much. >> thank you so much. >> i want to shop for a living, too. >> please. >> come join us thanks to mary. all right. so not a banner year for retail. we have fiscal cliff and debt ceiling fears. that's driving that. how do you invest now? we are about to ask a top money manager. [ male...
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Dec 24, 2012
12/12
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it is just -- we talk about elected leaders to make decisions, to build confidence. not just for the individual consumer but for corporations. i mean, my gosh. this is why we elected people. we should not be in this situation. >> no leadership. from an executive standpoint, how are you going to deal with that? there is a story out there today that it is too late for employers to withhold the proper amount of income taxes for 2012 levels because the irs hasn't released the 2013 table. so as an employer, what are you going to do in terms of taking income taxes out of your employee's paychecks. >> we're not changing the level -- >> you're sticking to 2012 levels? >> we are. i'm hopeful there will be some decision bit end of the year. but if anything it is small decision, bigger decisions will have to be made in 2013. that's again what is so disappointing. by the way, there is also this issue with supplemental appropriations going through with superstorm sandy. $64 bill worthion worth of aid. after ska trina this was approved by the house. we are looking for this before
it is just -- we talk about elected leaders to make decisions, to build confidence. not just for the individual consumer but for corporations. i mean, my gosh. this is why we elected people. we should not be in this situation. >> no leadership. from an executive standpoint, how are you going to deal with that? there is a story out there today that it is too late for employers to withhold the proper amount of income taxes for 2012 levels because the irs hasn't released the 2013 table. so...
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Dec 27, 2012
12/12
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and they would play well in the sand box after the election. what's it going to take? i think it's going to take for us to go off the cliff and the american public demanding action. i think we're going to see that over and over again. it's going to be the american public demanding action on gun control. it's going to be the american public demanding action on immigration because we have to force them to act. >> but american public also has to stop acting as if they play no role in this. when you look at our politics over the last 20 years, if you were a moderate democrat and if you were a moderate republican, you frankly have been forced out of both parties, so as a result, you've lost the people who can actually bring sides together and say, hey, i could bring 18, 20 on my side of the house to come together. i can bring 18, 20 over here and we can construct a deal. the problem now is you have folks who said i'm in my corner. i'm in my corner and all we're going to do is have a standoff. >> amen, but are you saying you miss the blue dogs? blue
and they would play well in the sand box after the election. what's it going to take? i think it's going to take for us to go off the cliff and the american public demanding action. i think we're going to see that over and over again. it's going to be the american public demanding action on gun control. it's going to be the american public demanding action on immigration because we have to force them to act. >> but american public also has to stop acting as if they play no role in this....
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Dec 24, 2012
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no election. i don't want that process. i don't want the feeling of rejection but i'd like to continue in this path. italy has to make a decision and i think the big money will line up behind him. we see the reactions when berlusconi was on the rise for those two days the bond market got trashed again in italy and he's been out there talking this morning anyway. >> switching gears to another country that has had a boatload of governments in the last six years let's look at japan, boy, there's a lot of wild things going on over there. >> you know what we saw last night or over the weekend. when the prime minister this week, well, he basically put the gun to the head of the boj and said i want a 2% inflation target. right now they have a 1% inflation target. he wants to double it and basically create as much money as they need to get to that level. just like the fed. is it 2? is it 2 1/2? 3? the bank of england has a 2% target, too. but they've been over that for years and there's always an excuse. but as we know, and as merv
no election. i don't want that process. i don't want the feeling of rejection but i'd like to continue in this path. italy has to make a decision and i think the big money will line up behind him. we see the reactions when berlusconi was on the rise for those two days the bond market got trashed again in italy and he's been out there talking this morning anyway. >> switching gears to another country that has had a boatload of governments in the last six years let's look at japan, boy,...
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Dec 23, 2012
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number one: republicans lost this election. they lost it fairly significantly. they lost house seats and senate seats and mitt romney rarely discussed the fiscal cliff. and we look back on the conversation and we think, gosh, it would have been nice if we had a plan that had been laid out, other than what mitt romney was saying, we're going to deal with this in a piecemeal fashion and we come to the table with that as a reality. nevertheless, why is anyone leaving down? why did the president leave town for his vacation, why did republicans start to leave town, why did democrats. if it is as serious as people say -- and i think it is, it would seem to me, even if the tea party is intransigent and that is what you want to say, they are terrible people and don't want to agree with anything, they are there and you have to deal with them, so everyone should stay in town, and can have their christmas eve dinner and do that, stay in town and figure this out and, the tea party, they believe in certain principles and they are fighting for them and think it is a spending
number one: republicans lost this election. they lost it fairly significantly. they lost house seats and senate seats and mitt romney rarely discussed the fiscal cliff. and we look back on the conversation and we think, gosh, it would have been nice if we had a plan that had been laid out, other than what mitt romney was saying, we're going to deal with this in a piecemeal fashion and we come to the table with that as a reality. nevertheless, why is anyone leaving down? why did the president...
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Dec 22, 2012
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we have been worried that since the election the politicians won't rise above partisanship and come to an agreement. we at cnbc has taken an historic position. get a deal done for the good of the country. what faces us is worrisome. nation could see 2 million jobs loss. slashing of unemployment benefits when you are laying people out. dramatic increases in taxes for everyone. including those who are just scrimping by. these are reckless and these changes will produce a government mandated calamity. it was only agreed to because it was never meant to be enacted. it was just a fail safe. it's not working right now. it's brutal and wrong headed as it might particularly be, let's just say at this particular moment as the president closed tonight, it said things are just getting better. it's the worst mistake. there's just too much hatred between the two parties to head it off. put simply, sometimes i think they would rather throw us back into recession than to portray their principle business compromising. the only way these politicians know how to save the nation's village is to burn it d
we have been worried that since the election the politicians won't rise above partisanship and come to an agreement. we at cnbc has taken an historic position. get a deal done for the good of the country. what faces us is worrisome. nation could see 2 million jobs loss. slashing of unemployment benefits when you are laying people out. dramatic increases in taxes for everyone. including those who are just scrimping by. these are reckless and these changes will produce a government mandated...
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Dec 22, 2012
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i spoke to senator-elect chris murphy just a short time ago. >> senator-elect murphy, i wanted to get your response, your reaction to the nra's -- it wasn't really a press conference, just their statement. >> i was in grace mcdonnell's funeral. when i got out, i was shown a copy of the statement. i nearly became sick. by the time i had gotten to the next funeral, to little dylan hockley's funeral, the horror had already started to spread through the 200, 300 people who were there. dylan's family talked about the fact that they knew that something good was going to come from dylan's death, there was going to be change in this country. i can't speak for ian and nicole, nor for the other parents, but i'm pretty sure they don't think that change is more guns. that's essentially what the nra said today, that the solution to this mass killing in newtown is more guns in schools, in homes. more guns throughout the streets of america. >> yeah, there was a lot the nra didn't address. essentially, it seems to me they're also then calling for armed guards in movie theaters, armed guards in any pu
i spoke to senator-elect chris murphy just a short time ago. >> senator-elect murphy, i wanted to get your response, your reaction to the nra's -- it wasn't really a press conference, just their statement. >> i was in grace mcdonnell's funeral. when i got out, i was shown a copy of the statement. i nearly became sick. by the time i had gotten to the next funeral, to little dylan hockley's funeral, the horror had already started to spread through the 200, 300 people who were there....
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Dec 25, 2012
12/12
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weak economic growth, and of course the election itself. some analysts picking games 2013 as much as 14% of the market and others lost as much as 14%. it is not working for me today. i think we should talk about else.i'g i will get to talk about a santa claus rally. ral is there a santa claus rally?ra will we have a true santa claus rally? >> listen, think it'll b it wile tough to get one this year. i think there will be a lot of repositioning in portfolios coming toward the end of the year. a people are getting very nervous about the fiscal cliff. i was on the show a couple of weeks ago whe and i was not a tn concerned because i thought we would get a deal done.al it is starting to hurt people.ut a good call by you. frankly, gerri, that is what will hurt stocks and investors spending or appetite as s well.e gerri: i love it when you tell me i am right. it often doesn't last very longy i have got to think when we get some real claritytt on this no matter what whether it is good x or bad for investors and taxpayers there will be a little rel
weak economic growth, and of course the election itself. some analysts picking games 2013 as much as 14% of the market and others lost as much as 14%. it is not working for me today. i think we should talk about else.i'g i will get to talk about a santa claus rally. ral is there a santa claus rally?ra will we have a true santa claus rally? >> listen, think it'll b it wile tough to get one this year. i think there will be a lot of repositioning in portfolios coming toward the end of the...
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Dec 26, 2012
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the big day is the september 11th elections in germany and germany could be harder after the election. in the first half is the sent ceiling discussion and finally profits, personal income and production, if those can do better than the markets can lift but right now the view is for a nothing market from here till year end. once the seasonal increases go away, we could have tax increases rand spending cuts if we get a deal. why is that going on a headwind for the stock market? >> i think it will be. if the taxes go up, i think that's something that hurts consumer confidence. you've seen the retail sales in the last part of this season here, have sold off, and many people have said it's because of the fiscal cliff. >> kind of depressing when you say it's a nothing market between now and the end of 2013. how do you make money, if you want to see it's going to be a -- >> he knows rhyme going to say buy apple. it's up 20%, up 50% and some off a little bit. if it sells off, you'll have nice dividend stocks like ant anti--sizer, the subplatform of all of the smartphones. >> there's way to m
the big day is the september 11th elections in germany and germany could be harder after the election. in the first half is the sent ceiling discussion and finally profits, personal income and production, if those can do better than the markets can lift but right now the view is for a nothing market from here till year end. once the seasonal increases go away, we could have tax increases rand spending cuts if we get a deal. why is that going on a headwind for the stock market? >> i think...
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Dec 28, 2012
12/12
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he said 800 billion is what he said during the election. >> and 6 trillion. >> yeah. >> spending is not the problem. >> no, i agree with you. >> i'm sorry. >> revenue is not the problem. >> yeah. >> it's been a long week, hasn't it? >> good luck on sunday, let's see what happens and we'll have you back afterward and see what's going on. >> let's get the market reaction. eamon hinted at this, and capital growth management and brian kelly, the co-founder of shelter harbor capital. can we bring up that chart again, guys so people can understand what happened today? we are showing you a one-day chart of both the dow, all three, the dow, the nasdaq and the s&p. this is a one-day chart. so harry reid comes out and says, folks, we are going off the cliff and the markets start to tumble and tumble and tumble and tumble and then 3:00 in the afternoon you see the sharp rise up and the house is coming back the in the session on sunday night to do something. we don't know what and the markets managed to get back to flat. so ken heebner, the market seemed to care about the deal getting done. is it g
he said 800 billion is what he said during the election. >> and 6 trillion. >> yeah. >> spending is not the problem. >> no, i agree with you. >> i'm sorry. >> revenue is not the problem. >> yeah. >> it's been a long week, hasn't it? >> good luck on sunday, let's see what happens and we'll have you back afterward and see what's going on. >> let's get the market reaction. eamon hinted at this, and capital growth management and brian...
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Dec 26, 2012
12/12
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we've had the european debt crisis, we've had, you know, we've had the elections, we've had super storm sandy, we've had so many events, fiscal clifr, of course, being rerated by s&p. >> but the number one thing we're not talking about is the fed. you have this unbelievable accommodating monetary policy and a signal from the fed they're going to continue that to the tune of a trillion dollars a year. so, that's why the things has been conventional. this has been anything but a conventional year. if you didn't have that level of stimulus, i think the market would have gone a little sideways this year. >> right. let's talk about the big trades in today's session, from trash to treasure. can some of 2012's biggest losers be the best bets for 2013. this is, in fact, what we saw in today's session. these are some of the worst performers of the year, but in today's market, today's session, they actually led the markets. research in motion was a head scratcher of a move. >> the research in motion is very interesting, because i thought the move was over last week when it had that, seemed to be
we've had the european debt crisis, we've had, you know, we've had the elections, we've had super storm sandy, we've had so many events, fiscal clifr, of course, being rerated by s&p. >> but the number one thing we're not talking about is the fed. you have this unbelievable accommodating monetary policy and a signal from the fed they're going to continue that to the tune of a trillion dollars a year. so, that's why the things has been conventional. this has been anything but a...
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Dec 24, 2012
12/12
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-- election as speaker? >> the first thing to say that the big plan that the president and speaker boehner were close on would pass the house but speaker boehner won't bring it up. and, of course, if he put this plan, the senate plan, the temporary patch as i call it. >> chris: i'm not sure it would have passed the house. >> i think it would have. the votes are there. a significant number of republicans. >> chris: more in revenue increases than it did in spending cuts. >> there was a little more negotiating to be done but they were close. >> chris: why did boehner dropped out? >> he felt that he wanted to have added leverage. picking up on what laura is saying he understood the election and the polls and the president is acting as if he was in a superior position, he is. boehner wanted better leverage and said i can go back and say this is something that the house has done and we have passed it and we got it so negotiate with me fairly, my troops are behind me. turns out his troops are not behind him and he
-- election as speaker? >> the first thing to say that the big plan that the president and speaker boehner were close on would pass the house but speaker boehner won't bring it up. and, of course, if he put this plan, the senate plan, the temporary patch as i call it. >> chris: i'm not sure it would have passed the house. >> i think it would have. the votes are there. a significant number of republicans. >> chris: more in revenue increases than it did in spending cuts....
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Dec 29, 2012
12/12
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. >> you actually think that people are granted 2010 it got elected or the people ran before and it now ascended to positions of leadership believes that go with a solution or they were like that to not do things i supposed to do things? >> well, again, from a class of 2010 and our effort to the the 87 freshman, the so-called tea party class of the 112 congress, their belief is they are doing precisely what the people who elected them did, which is rolled back obama initiatives, cut spending. a lot that the debt ceiling should not be increased under a circumstances where they feel like i was a failure. but they basically believe their job is first to obstruct barack obama and once there is a republican president in place to pass this initiatives that create better business climate. more and more deregulation committee funding of programs that have never quite been near and dear to them. i think they do believe -- of course to fast-forward a bit about the debt ceiling fiasco of 2011, but after the summer we were taken to the brink of a fiscal cliff, one we are about to see it it can come
. >> you actually think that people are granted 2010 it got elected or the people ran before and it now ascended to positions of leadership believes that go with a solution or they were like that to not do things i supposed to do things? >> well, again, from a class of 2010 and our effort to the the 87 freshman, the so-called tea party class of the 112 congress, their belief is they are doing precisely what the people who elected them did, which is rolled back obama initiatives, cut...
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Dec 30, 2012
12/12
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this is right after he was elected before he took office. so we wrote a letter to him and explained this to him. i tried to get john holdren to deliver it to him, but he wasn't sworn in yet so he couldn't do it. >> the president's science adviser. >> yeah. but that -- it's a shame because he said he understood the problem. he said we have a planet in peril. but in a way, i don't think he was getting very good advice. i think that people were telling him well we need more solar panels and we need more efficient vehicles, and those things are true, but they're not gonna solve the problem by themselves. without a price on carbon, all you do by reducing your emissions in those ways is reduce the demand for the fossil fuel, make it cheaper and somebody else will burn it. we have to actually leave those fossil fuels in the ground most of what remains. and the only way that will happen is if they are an -- if they're honestly priced. right now, they are heavily subsidized by you, the public. >> and people would say even if the u.s. does something b
this is right after he was elected before he took office. so we wrote a letter to him and explained this to him. i tried to get john holdren to deliver it to him, but he wasn't sworn in yet so he couldn't do it. >> the president's science adviser. >> yeah. but that -- it's a shame because he said he understood the problem. he said we have a planet in peril. but in a way, i don't think he was getting very good advice. i think that people were telling him well we need more solar...
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Dec 29, 2012
12/12
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. >> the notion that our elected leadership cannot do the same thing is mind-boggling to me. it needs to stop. >> if they come to a good deal, not just one that is forced -- >> of the white house christmas tree a short distance from where the president met with congress, both local residents and people from all over the country -- >> it would be nice if the king to a compromise. >> gave us their take. many worry about the tax increases that could kick in. and they are angry we are four days a out with no deal. >> it is ridiculous. this is a necessary. >> while the republican senate minority leader is staying positive the democratic senate majority leader warns -- >> whatever we come up with is going to be imperfect and some people are not going to like it. >> the president says if a big deal cannot be reached, he wants at least a smaller deal to keep middle-class taxes from going up and to extend unemployment benefits. >> at this point, i just hope they get something done. >> click on need to come together and come to an agreement. both sides are at fault. >> reitman, this is
. >> the notion that our elected leadership cannot do the same thing is mind-boggling to me. it needs to stop. >> if they come to a good deal, not just one that is forced -- >> of the white house christmas tree a short distance from where the president met with congress, both local residents and people from all over the country -- >> it would be nice if the king to a compromise. >> gave us their take. many worry about the tax increases that could kick in. and they...
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Dec 26, 2012
12/12
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number seven, republican presidential candidate mitt romney. >> this election is over, but our principles endure. >> he ran on his impressive business credential, but it was his multiple gaffes that analysts say helped seal his fate. remember the 47% comments? >> 47% who are with him. >> and this one. >> binders full of women. >> number six, ex-cia director general david petraeus. >> breaking news now coming in regarding the chief of the cia. general david petraeus. >> can you talk with us, please? >> the news was unexpected. the reason, shocking. petrae petraeus, retired four star general, had quit his cia post and admitted he had cheated on his wife. petraeus' mistress was also his biographier, paula broadwell, an embarrassing exit by one of the most respected public servants of his time. >> next you'll see the five most intriguing people of 2012. [ sniffs ] i have a cold. [ sniffs ] i took dayquil but my nose is still runny. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny
number seven, republican presidential candidate mitt romney. >> this election is over, but our principles endure. >> he ran on his impressive business credential, but it was his multiple gaffes that analysts say helped seal his fate. remember the 47% comments? >> 47% who are with him. >> and this one. >> binders full of women. >> number six, ex-cia director general david petraeus. >> breaking news now coming in regarding the chief of the cia. general...
SFGTV: San Francisco Government Television
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Dec 24, 2012
12/12
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SFGTV
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to do more to address gun violence and to believe -- and i believe that there is a desire for us as elected officials to take greater steps in implementing institutional solutions to these issues. * these weapons and this ammunition over here to my right don't belong in the hands of san francisco and online suppliers, online suppliers have an obligation to disclose to law enforcement officers information about residents buying large amounts of this lethal ammunition. i just want to say thank you for being here. i look forward to introducing this legislation. as soon as we hit the ground running in january. i appreciate your support, mr. mayor, and i look forward to continuing to working together. thank you. * >> thank you, supervisor. chief has been a great partner in not only law enforcement, with ideas of what else we could do. * chief sur i'm going to ask the chief to come up and talk about
to do more to address gun violence and to believe -- and i believe that there is a desire for us as elected officials to take greater steps in implementing institutional solutions to these issues. * these weapons and this ammunition over here to my right don't belong in the hands of san francisco and online suppliers, online suppliers have an obligation to disclose to law enforcement officers information about residents buying large amounts of this lethal ammunition. i just want to say thank...
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Dec 27, 2012
12/12
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all of general dynamics move lately, melissa, has come since the election. so, this would be the one that i would play of that group. >> okay, jane? >> thanks, jane. >> finally a smackdown between writer dan lions and mark zuckerberg that randi zuckerberg said it wasn't cool that someone retweeted her photo. lion s ripped into her. how awful this might have been, how invasive. how terrible that someone might take something that belongs to you and use it in ways that you had not only anticipated and for which you had not given explicit permission! ouch. >> little pot calling the kettle black there. good for him. >> to me, he's like taylor swift, dan lions. i would never want to break up with him because he would probably annihilate you. >> how could this not be your favorite story of the day? >> it's a great story. juicy on all levels. >> what does it mean for the stock? >> yeah. >> it means nothing. >> maybe it doesn't mean anything for the stock. >> oh, boo-hoo. >> ultra regulate facebook at some point with the privacy stuff. maybe. >> maybe zucker berks go
all of general dynamics move lately, melissa, has come since the election. so, this would be the one that i would play of that group. >> okay, jane? >> thanks, jane. >> finally a smackdown between writer dan lions and mark zuckerberg that randi zuckerberg said it wasn't cool that someone retweeted her photo. lion s ripped into her. how awful this might have been, how invasive. how terrible that someone might take something that belongs to you and use it in ways that you had...
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Dec 27, 2012
12/12
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KRON
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he says it's a way to quote: "send our elected officials a respectful but potent message, urging them to come together to find common ground." if a deal isn't reached between the president and congress. widespread tax increases and automatic government spending cuts will kick in next week. both sides are due back by thursday and have vowed to make a final attempt. stay with us. another check of the forecast. after the break. a puppy stolen from th hey, dad. i love boleros. share what moves you. go, go, go-- yes ! you've got to get one of these. share a great performance. what are you doing ? this tools app is awesome. share the perfect plan. that is awesome. i'm gonna be right back. share everything. this holiday, get verizon's share everything plan. unlimited talk, text, and shareable data across your family's devices. all in one plan. get a spectrum 2 by lg for $49.99 >> and a pop be stolen puppy--- oregon humane society is now home with his rightful owners. chris woodward tells us how social media may have played a role in his return. >> back in the arms, there's no idea what he ha
he says it's a way to quote: "send our elected officials a respectful but potent message, urging them to come together to find common ground." if a deal isn't reached between the president and congress. widespread tax increases and automatic government spending cuts will kick in next week. both sides are due back by thursday and have vowed to make a final attempt. stay with us. another check of the forecast. after the break. a puppy stolen from th hey, dad. i love boleros. share what...
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Dec 24, 2012
12/12
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WUSA
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he was the first japanese-american elected to both houses of congress. inouye died monday. he was 88 years old. >>> and coming up on the "morning news," holiday cheer. children get premtds from secret santas. this is the "cbs morning news." thank you. for what? when things were tough, you kept believing in me... you helped make this happen. thank you. [ jane ] behind every open heart is a story. tell yours with my open heart collection at kay jewelers, the number one jewelry sto in america. there are millions of reasons to give on but the message is always the same. keep your heart open... and love will always find its way in. you did it, daddy. we did it. ♪ every kiss begins with kay is the same frequent heartburn treatment as prilosec otc. now with a fancy coating that gives you a burst of wildberry flavor. now why make a flavored heartburn pill? because this is america. and we don't just make things you want, we make things you didn't even know you wanted. like a spoon fork. spray cheese. and jeans made out of sweatpants. so grab yourself some new prilosec otc wildberr
he was the first japanese-american elected to both houses of congress. inouye died monday. he was 88 years old. >>> and coming up on the "morning news," holiday cheer. children get premtds from secret santas. this is the "cbs morning news." thank you. for what? when things were tough, you kept believing in me... you helped make this happen. thank you. [ jane ] behind every open heart is a story. tell yours with my open heart collection at kay jewelers, the number...
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Dec 28, 2012
12/12
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CNBC
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won the election. therefore the 2% tax is a fait accompli. did may not read the exit polls, "a"? but "b," even more importantly, you know, the people that are giving them a hard time were duly elected, as well. honestly, what a bunch of knuckleheads. >> i know but you wonder why nothing's been done, because all they had to do was wait for january 1st. i'm going to play the geithner tape again when he sort of, you know, it kind of slipped where he said oh, yeah, we're ready to go. we're so ready to go over, and then they get -- >> no, he didn't slip. you know, somebody pulled the string and he said it. >> all right. coming up, is it too late to avoid the fiscal cliff or is there still hope for this 11th hour deal? we're going to ask democratic congressman jim mcdermott. >> are you suffering from market fatigue? do you feel confused and out of touch with today's markets? you may be suffering from a serious condition known as information deficit disorder. >> and it may be related to an imbalance of natura
won the election. therefore the 2% tax is a fait accompli. did may not read the exit polls, "a"? but "b," even more importantly, you know, the people that are giving them a hard time were duly elected, as well. honestly, what a bunch of knuckleheads. >> i know but you wonder why nothing's been done, because all they had to do was wait for january 1st. i'm going to play the geithner tape again when he sort of, you know, it kind of slipped where he said oh, yeah, we're...
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Dec 26, 2012
12/12
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weeks after the election, he resigned. during the campaign, allegations surfaced that this man had urged his pregnant mistress to get an abortion decades ago. he denied the affair or the abortion and was re-elected. >> number five, libor pants on fire. even if you have never heard of libor, it probably has a big impact on your finances. they're determined in part by the rate at which banks borrow from each other, called libor. in june, british bank barclays paid half a million for manipulating these important interest rates and investigations at other banks are still ongoing. the sheer scale of it is huge. t it makes bernie madoff who made off with millions look like a skid row pick pocket. >> number four, big trouble in communist china. everybody thought one of the most powerful politicians in china was getting rid of crime and corruption until the summer when a court convicted his wife of murdering a british businessman and the government accused him of trying to hinder the investigation. as well as taking bribes and abu
weeks after the election, he resigned. during the campaign, allegations surfaced that this man had urged his pregnant mistress to get an abortion decades ago. he denied the affair or the abortion and was re-elected. >> number five, libor pants on fire. even if you have never heard of libor, it probably has a big impact on your finances. they're determined in part by the rate at which banks borrow from each other, called libor. in june, british bank barclays paid half a million for...
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Dec 29, 2012
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. >> -- president barack obama will be re-elected president of the united states. [ cheers and applause ] >> terror at as elementary sc
. >> -- president barack obama will be re-elected president of the united states. [ cheers and applause ] >> terror at as elementary sc
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Dec 24, 2012
12/12
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elections have consequences. i won. it's not a nice tack to the center where i'm going to govern for all of you. are you coming back? >> i'm going to. >> the jacket is coming off, though, right? >> christmas eve and i'm celebrating. as you know, we had the tree going this weekend with the lights on. >> that's so nice. there's one other thing i sought on that thing over the weekend that you brought us that i was going do -- oh,no. did you see mitt romney did not want to run? >> i saw that. that was in the boston globe. that was a great piece worth reading. then he found out how bad things were going on his ipad. >> yeah. but maybe he didn't want to run because there were times i really kind of thought it looked like he didn't want to run. >> yeah, but towards the end, i thought he did. >> he tried hard. thanks. >> okay. >> come over here. >>> in other news, a dock worker strike on the atlantic and coast could be just days away. port operators have been negotiating with the long shoreman association since march. but the t
elections have consequences. i won. it's not a nice tack to the center where i'm going to govern for all of you. are you coming back? >> i'm going to. >> the jacket is coming off, though, right? >> christmas eve and i'm celebrating. as you know, we had the tree going this weekend with the lights on. >> that's so nice. there's one other thing i sought on that thing over the weekend that you brought us that i was going do -- oh,no. did you see mitt romney did not want to...